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Deutsche Bank said in its latest investigation that cryptocurrencies could replace cash.

The German-based financial services giant, Deutsche Bank, published a report related to cryptocurrencies, entitled "Imagine 2030".

In the document, it was reported that digital currencies were shown as “additions” instead of “substitutes” in the financial world until now. However, for the next decade that could change.

It is believed that as regulatory obstacles are overcome, it will become much more tempting for users to use cryptocurrencies as a substitute for cash.

> "If one of the GAFA (Google, Apple, Facebook and Amazon), or its Chinese counterparts BATX (Baidu, Alibaba, Tencent and Xiaomi), for example, can overcome regulatory obstacles ... this would expand the attractiveness of cryptocurrencies, accelerate their adoption and give them the potential to eventually replace the cash. ”

According to the Deutsche Bank report, led by Jim Reid, global head of fundamental credit strategy and thematic research, the current fiduciary system seems "fragile." Especially due to the so-called "decades of low labor costs" and inflation.

However, during the next decade everything could change. In addition, the report highlights that “the demand for alternative currencies, from gold to cryptography, could take off.

#### Reasons to change to a new “crypto decade”
<br>
The benefits that digital currencies bring with them can drive this “move” of cash towards cryptocurrencies.

Among these advantages, security, speed, minimum transaction fees, storage facility and the “relevance in the digital era” stand out. All of these points can help drive mass adoption in the coming years.

Another reason is your privacy. This feature has become one of the most appreciated by crypto enthusiasts.

> “Almost two thirds of consumers prefer dematerialized cash payments and one third are worried about anonymity. These are the two things that cryptocurrencies do best. ”

Finally, inflation could boost demand for alternative currencies than traditional currencies. Cryptocurrencies are not affected by inflation. In addition, by not relying on any central authority or government, some members of the crypto community claim that they are the only alternative to find true "financial freedom."

Moreover, Deutsche Bank believes that plastic cards could be extinguished as smartphones make them obsolete.

> "Whether through the anxious adoption by millennials or the greater digitalization of the countries' infrastructure, the plastic card could come out in the next decade, while people will continue paying with humble bills and coins."

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